Finance | Penn Today

Painting from 18th century shows an Indian banker being carried in a carriage and surrounded by armed entourage.

‘Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India’

A new book by Sudev Sheth, senior lecturer in history and international studies, looks at how the leaders of one of the most dominant early modern polities lost their grip over empire.

Californians face ‘devastating’ insurance hikes

Benjamin Keys of the Wharton School says that without a functioning insurance market there’s no functioning mortgage market or housing market.

A Trump-era tax law could get an overhaul. Millions could get a bigger tax refund this year as a result

The Penn Wharton Budget Model estimates that the cost of doubling the SALT cap to $20,000 for married filers would reduce federal tax revenue by about $12 billion.

Sindi Banaj (left) and Maryem Bouatlaoui (right) with Gillian Bazelon (seated).

How friendship and finance bloom at Wharton’s Stevens Center

Sindi Banaj and Maryem Bouatlaoui bonded in friendship as they collaborated on a college finance app built by high school students, for high school students.

Florida insurance crisis spells mortgage disaster

Benjamin Keys of the Wharton School says that it’s basically impossible to take out a mortgage without having an insurance policy.

brian peterson and team for projects for progress

The Economic Justice Partnership focuses on creating an equal financial playing field

From the basics of setting up an investment account to giving a play-by-play on how interest accrues, the partnership—a Projects for Progress winner—hosts financial literacy workshops with middle and high school students around Philadelphia, as well as Penn and other college students.

Pro take: Fed operating losses are piling up amid higher interest rates

A paper co-authored by Christina Skinner of the Wharton School argues that if the Federal Reserve was a private-sector bank, it could face a takeover, bankruptcy, or liquidation.

With the stock market in ‘striking distance’ of all-time high, Wharton’s Jeremy Siegel warns the only thing that can derail it is Jerome Powell

Jeremy Siegel of the Wharton School says that the Dow Jones could be in for an all-time high but cautions that the Federal Reserve’s fixation on inflation fears could knock it off course.

The hidden expense that’s sucking $74 billion out of the economy

Mark Pauly of the Wharton School says that insurance companies are raising premiums because they’ve already suffered substantial losses in their homeowners business or are trying to protect against that happening in the future.

Will gains from the spectacular ‘she-covery’ last?

An analysis from researchers at the Penn Wharton Budget Model finds that the share of working college-educated women is vastly higher than a couple decades ago, driven by college-educated moms.

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